*The first cheerleader is doing his best to rally the economy. Obama has to always put a positive spin. He is the president. LATIMESConfidence and the peoples' perceptions are just as important as interest rates and dollars. The truth is, the economy is still in bad shape. Officially, it's just 'not sucking as hard'. The economy is still shrinking. People are still losing their homes. We're still bleeding cash. Businesses are still closing their doors. Nationwide uemployment will crack double digits.
Only in the face of such terrible conditions can 'not as bad news' rally the market. The glimmers of hope that we've seen are largely attributed to the expected increases in government spending. The recent stock market bounce is probably part of that psychology.
- The Economist would say the direction the economy goes from here is anybody's guess.
- The Gambler would wager the economy is flat. No positive % growth, but smaller declines.
- The Investor is unsure and somewhat afraid.
I got it! a website/blog where we make fun of hipsters. the best part: all the hipsters will love it b/c they think it's "ironic".
Quite possibly the most brilliant thing you've ever said. Let's do it.
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what do you think?
I think it's ironic. Let's do it.